Australia Central Bank Holds Key Rate at 4.75%

Australia Central Bank Holds Key Rate at 4.75% Play

Sept. 6 (Bloomberg) -- The Reserve Bank of Australia left its benchmark interest rate unchanged for a ninth straight meeting, citing deteriorating growth prospects at home and abroad. Governor Glenn Stevens held the overnight cash rate target at 4.75 percent, saying in a statement released today in Perth that "global financial markets have been very unsettled over recent weeks." Daniel Petrie reports from Sydney on Bloomberg Television's "First Look." (Source: Bloomberg)

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